Post by Xiu_web3 about Kamino ($KMNO)

$KMNO Borrowing USDC against SOL and JUP on Kamino Lend today, and ran into a real UX friction point around rate spikes.

When pool utilization pushed past the 85% kink, the borrow APR jumped from ~5% to over 30%. Because of that rate surge, my Health Factor degraded noticeably faster over a 48-hour window—purely from compounding debt accrual, not underlying price drop. Right now, the borrow modal only quotes an instantaneous APR percentage. For anyone holding a carry or swing position, there's zero visual projection showing the actual dollar-cost decay or how fast an ongoing rate spike will eat into your collateral over 24h/72h.

Another pain point with multi-asset collateral: if you deposit both SOL and JUP to back a single loan, there's no visibility into which asset the liquidation bot seizes first during a partial liquidation. I'd much rather have the protocol liquidate more volatile tokens before touching core yield-bearing SOL, but currently there’s no way to set a priority preference.

A simple daily debt-decay estimator inside the position view, plus a user-defined liquidation hierarchy for multi-collateral loans, would make risk management 10x clearer for active borrowers. Curious if the team has ever considered letting users set an automated rate cap to partially deleverage before borrow spikes get out of hand.